Featured Author, Invest 101

Asia Morning – Aug 16

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Index Last Change % Change
trading higher

40,563.06 +554.67 1.39%Positive
trading higher

17,594.50 +401.90 2.34%Positive
trading higher

5,543.22 +88.01 1.61%Positive
Index Last Change % Change
unchanged

36,726.64
trading lower

17,109.14 -4.22 0.02%Negative
trading higher

79,105.88 +149.85 0.19%Positive

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Fixed Income

U.S. Treasury yields jumped on Thursday after strong economic data eliminated fears about a hard landing and scaled back expectations of Fed easing coming next month.

U.S. 10-year note US10YT=RR +12.3 basis points to 3.946%, on track for biggest absolute gain since July 1.

10-year JGB yield JP10YTN=JBTC rose 2.5 basis points (bps) to 0.830%.

Equities

World stocks rose after surprisingly strong U.S. retail sales data soothed fears about slowing economic growth, leading investors to back away from bets of imminent aggressive interest rate cuts.

MSCI’s world share index .MIWO00000PUS, which moved in excess of 1% on more than half of the trading days in August so far, rose 0.9%.

China’s Ant Group quarterly profit falls 10.25% to 12 bln yuan

Forex

Dollar rose against Euro, back from 7-month peak, after U.S. economic data eased fears of a recession risk and dampened expectations for aggressive rate cuts.

Dollar index =USD last at 102.96, rising 0.35%, moving away from 8-month low of 102.15 touched last week.

China’s yuan weakened against the dollar, dragged down by a dip in buying by corporates as the greenback softened and the latest sign of a slowing economy emerged in a string of disappointing data.

Commodities

XAU= up 0.3% at $2,454.50, (1706 GMT), after rising as much as 0.9% earlier in the session.

Oil rose more than $1 on Thursday after U.S. economic data, though concerns over slower global demand curbed rally.

Brent crude +$1.43, or 1.79%, at $81.19  (1730 GMT).

 

For more news visit reuters.com,